How to open a Corporate Bank Account in Hong-Kong ?


Here is the description of the different options we currently have to open Companies + Bank Accounts in Hong Kong and offshore :

A) ASSUMING NO HK COMPANY IS PREVIOUSLY STABLISHED

1. SET UP A HONG KONG LIMITED LIABILITY HOLDING COMPANY

Conduct the relevant registrations:

(1) Forming company Name Verification, Payments for government fee on Incorporation, 1st year Business Registration Certificate, Company Kit (with Common Seal, Co. Chops, Share Certificates, Memorandum & Articles of Association etc) & 1 set of Bank Account Opening Kit, duly certified by HKCPA

(2) Company Secretary service for 12 months

(3) Provision of Registered Office for 12 months

(4) Courier charge for Overseas Client (for delivery of chops and documents after completion of whole process)

(5) BANK ACCOUNT OPENING SAME COST AS BELOW IF NOT COMPANY WAS PREVIOUSLY STABLISHED

COST: (On Demand)

B) Assuming an EXISTING HK company:

1)Bank Charge (On demand) , help make the appointment and guarantee the success of opening. If not succeeded will return the money. (Client needs to provide business proof!!)

Client Needs to go to HK for the bank interview. 8 weeks after interview will get the reply and the account information. Bank account includes HK$ account and Multicurrency account (EU, US$, British Pounds, Japanese Yen, Canadian Dollars)

2) Bank Charge (On Demand) ,Guarantee the success of opening, even if no business proves that nothing can be provided, we can open accounts. If not succeed we will return the money.

Client Needs to go to HK for the bank interview. 8 weeks after interview will get the reply and the account information. Bank account includes HK$ account and Multicurrency account (EU, US$, British Pounds, Japanese Yen, Canadian Dollars)

3) open bank acc in HK by remote (director not need to visit HK) We charge (On Demand)

As different banks have different bank policies in regarding the bank opening requirements, it is the decision they decide what banks in Hong Kong they will guarantee to us according to our information provided.

Bank accounts opened under the Guarantee Scheme (in Hong Kong) Under this guarantee scheme, they will prepare for all arrangements or documents through their associates which will meet the requirements of the bank, the arrangements or documents will include some of (depending on individual circumstance of the case):

a) Creation of employment contracts according to the law of the said government, and arrangement of employees under temporary basis;

b) Creation of rental contract according to the law of the said government, and arrangement of true establishment of office space and desk under temporary basis;

c) Arrangement of Barrister(s) to issue reference letters;

d) Arrangement of Solicitor(s) to issue reference letters

e) Arrangement of other professional practitioner(s) to issue reference letters;

f)Full details of business plan (100 pages)

g)Resume of relevant parties

h)Organization charts

i)Creation of potential business proofs like websites, quotations, potential client lists as well as potential supplier lists, and the presentation of business operation model(s)

j) The bank arrangements by remote include HSBC (Hong Kong), Hang Seng Bank & DBS Bank Citibank (Hong Kong),

According to the bank request, may need provide the certifies true copy files, Deal with the certified true copy of hk company documents and submit it to the bank: 500 USD (2 copies)

And all the charge doesn't include the bank charge for opening the account and the initial deposit that usually they require at least (5000 HK$) that can be used later for the monthly fees to be paid to the bank.

According to the bank request, may need provide the certifies true copy files, Deal with the certified true copy of hk company documents and submit it to the bank: 500 USD (2 copies)

And all the charge doesn't include the bank charge for opening the account and the initial deposit that usually they require at least (5000 HK$) that can be used later for the monthly fees to be paid to the bank.

#Corporatebankaccounthongkong #offshorebankaccount

Recent Posts